The Casablanca Finance City Authority (CFCA) and the Financial Services Development Council (FSDC) of Hong Kong have agreed to strengthen cooperation and share experiences for the development of financial services industry.
The agreement was inked Wednesday remotely by CEO of CFCA Saïd Ibrahimi and Head of FSDC Dr Au King-lun. The two centers will conduct joint initiatives for market promotion and exchange experiences in financial education, training programs and various other sectors.
“Morocco is an ideal African platform for Asian investors. The country’s pivotal role reinforces the collaboration within the scope of the Belt and Road initiative”, said Mr.Ibrahimi.
“Our aim is to develop a strong and lasting relationship that will provide businesses and economic operators a solid basis for strengthening investment and trade between Asia, Morocco, and African countries”, he stressed.
For his part, Chairman of the FSDC said the Hong Kong Financial center is pleased to establish this framework for cooperation with CFCA, leader in Africa.
“Morocco is the first African country joining the Belt and Road Initiative under which Hong Kong plays a key role in promoting international and regional cooperation”, he added.
Both the FSDC and CFCA are members of the World Alliance of International Financial Centers (WAIFC), gathering 18 leading international financial centers in four continents.
CFCA is a founding member of the WAIFC and the first African member to join the organization. Hong Kong Financial Center is amongst the top financial centers worldwide. The FSDC was set up in 2013 by the Hong Kong Special Administrative Region Government as a high-level, cross-sectoral advisory body to engage the industry in formulating proposals to promote financial services of Hong Kong.